Industry Profile: India has a diversified financial sector undergoing rapid expansion in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds, and other smaller financial entities. In addition, the banking regulator has allowed new entities such as payments banks to be created recently, thereby adding to the types of entities operating in the sector. However, the financial sector in India is predominantly a banking sector, with commercial banks accounting for more than 64 percent of the total assets held by the financial system. The Government and Reserve Bank of India (RBI) have taken various measures to facilitate easy access to finance for Micro, Small, and Medium Enterprises (MSMEs). These measures include launching the Credit Guarantee Fund Scheme for Micro and Small Enterprises, issuing banks’ collateral requirements guidelines, and setting up a Micro Units Development and Refinance Agency (MUDRA). With a combined push by both government and private sector, India is undoubtedly one of the world’s most vibrant capital markets.
Driven by strong participation from retail investors and the creation of awareness by the Securities and Exchange Board of India (SEBI), equity mutual funds driven by strong participation from retail investors and result of attention by the Securities and Exchange Board of India (SEBI), equity mutual funds witnessing large inflows which were kept in banking system before 2017. As a result, the revenues of the brokerage industry in India are estimated to grow by 15-20 percent to reach Rs 18,000-19,000 crore (US$ 2.80-2.96 billion) in FY2017-18, backed by healthy volumes and a rise in the share of the cash segment.
In 2016, 2.4 million new Demat accounts were opened by Indians, the highest number of account openings since 2008, led by a higher number of initial public offerings (IPOs) and greater interest in mutual fund investments.
Company Profile: Dhani Services, A securities and commodities broker, is a part of the Indiabulls group. The company is a stockbroker for leading exchanges, BSE and NSE. the company’s primary businesses include Broking and Related activities and Lease Rental activities. Its segments include Broking & related activities and Lease Rentals & related activities. Broking and associated activities include business as a stock and share broker on the NSE and the BSE; business as a commodity broker on the Multi Commodity Exchange of India Limited and the National Commodity and Derivative Exchange Limited; brokerage/commission on the sale of flats, and other related services relating to broker activities. Lease rental and associated activities include developing, operating, and maintaining industrial parks. It also distributes mutual funds/initial public offerings (IPOs) and other investments and tax planning products.
Shareholding pattern: BSE Data
Financials and ratio : [table id=139 /]
Future prospectus: The growth and development of the Indian capital market are attracting many new investors. The liquidity and depth of Indian markets are increasing. Sometimes brokerage services are suitable for a bullish view of the entire market. Discount brokerages are growing, and after that, ICICI securities are kept themselves. Indian market is big, so there is enough room for everyone. There are many of them, and many will list. this is a good company, but in recent times it had its bull run. Ten baggers in one year. So before investing, check the price of entry.
